Understanding the total cost of risk
11/20/2023
At a time when pressure on public finances is tighter than ever, understanding and evaluating the long-term impacts of short-term decisions is critical. Understanding and accurately assessing the total cost of risk (TCOR) is not a nice to have, it’s a must have.
In the latest edition of ALARM stronger, Risk Proposition Manager, Alix Bedford, discusses how building a total cost of risk mindset helps risk managers demonstrate value and ensure decisions are taken with short and long-term impacts in mind.
You can read the article here.
This article was originally published in the October 2023 edition of stronger, the ALARM journal. ALARM is a not-for-profit professional membership association that has supported risk management practitioners since 1991. They provide members with outstanding support to achieve professional excellence including education, training, guidance and best practice, networking, and industry recognition for excellence across risk management. For more information, visit alarmrisk.com and follow @ALARMrisk on Twitter and LinkedIn.
